MINDSPEED COMMENCES TRADING ON NASDAQ
NATIONAL MARKET UNDER THE SYMBOL MSPD

NEWPORT BEACH, Calif., December 15, 2003 - Mindspeed Technologies, Inc. (NASDAQ: MSPD), formerly (AMEX: MND), a leading supplier of semiconductor solutions for network infrastructure applications, announced that its common stock will begin trading on the NASDAQ National Market today, Monday, December 15, 2003, under the symbol MSPD.

The last day of trading of the company's common stock on the American Stock Exchange (Amex) under the symbol MND was on Friday, December 12, 2003, as anticipated with Mindspeed's move to the NASDAQ National Market.

About Mindspeed Technologies™
          With headquarters in Newport Beach, Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks.
          The company's four key product families include high-performance analog transmission and switching solutions, multiservice access products designed to support voice and data services across wireline and wireless networks, T/E carrier physical-layer and link-layer devices, and ATM/MPLS network processors.
          Mindspeed's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.
           To learn more, visit the company at www.mindspeed.com.

Safe Harbor Statement
          This press release contains statements relating to Mindspeed, including with respect to our future results, which include certain projections and business trends and are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results, and actual events that occur, may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; availability of capital needed for the company's business; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability of manufacturing capacity; pricing pressures and other competitive factors; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful implementation of the company's expense reduction and restructuring initiatives; the ability to attract and retain qualified personnel; and the uncertainties of litigation, as well as other risks and uncertainties, including those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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